1) An Extremely Good, Rock Only Night Club WIth It's Own Under 18's Night (Known As Kiddy Corp or K Corp) In Sheffield, England

2} These are legal entities created by the registration of appropriate incorporating documents with the supervising government office. These May be private (ownership sometimes held by specific individuals ,these are not traded on a public stock exchange) or public corporations (shares can be bought by everyday people). The Shareholders are protected from liability for faulty the actions of the corporation.

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For-profit organizations of people hell bent on sucking the Middle Class dry. Also they are things Mitt Romney likes to pretend are people so he can have their votes.

Corporations: "Yes, yes, we have our own private army working for us at Congress. They worked so hard to keep tax breaks for us, and refuse to let the tax break for the Middle Class to continue! MWAHAHAHAHAHAHA!"

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1. Your business becomes successful to the point where you decide that you no longer want to take responsibility of it, however you decide to keep your status by renaming your position as CEO, CFO, etc. so that you can determine your own ridiculous salary and sell your stocks to "shareholders" who then take responsibility of your business. Furthermore, if your company is a bank you can then purposely go bankrupt so that the government can bail you out to give yourself a bonus in addition to your ridiculous salary because the taxpayers will pay it and they don't have any say-so in the government. You can also donate money without paying taxes to a politician's shell corporation so that nobody will ever know it was you "on record." You also (wrongly) assume that the average taxpayer is too stupid to know what's going on here.

2. An expletive used to describe anything that amounts to investment without return.

I should incorporate my business so that I can sell stock to people and then purposely go bankrupt, get bailed out, and give myself a bonus on top of the ridiculous salary I already make!

or

Hey, did you see that new car that Tom bought for $50,000? It's made out of plastic and duct tape. It's a real piece of corporation!!!

The Urban Dictionary Mug

Corporations in 3rd world countries pay on average 500-800% of the income people are making there. These companies build factories there because they can pay less for labor than they would in America, meaning they in turn can charge lower prices, and sell more. By the same token, the workers who work in them don't do so to help the company, but because it's 5-8 times the money they would make at the next best alternative.

Voluntarily entered agreement to mutual benefit...the alternative is to take the Susan Sarandon approach (that is, legislate the jobs there out of existence..."better they starve"). The entire reason a company would go halfway across the world is because it's cheaper...using government Force to Coerce people into paying American wages will not mean the people there will be making more money...the companies simply won't build plants there (how could they afford to pay more for wages and for shipping? and why would any person do that?)

Bottom line, companies do not exist to provide jobs and wages. Wal-Mart does not sell bread to me for $X because I want it for that price...they offer it because the $X is more valuable to them than the bread. By the same token, I don't exist to provide income to Wal-Mart. I don't shop at Wal-Mart because it needs my money...I buy the bread because I value the bread more than my $X. But at the end of the day, each of us can only OFFER the other our property...neither can coerce the other; we each have the power to refuse the deal and walk away.

The situation is no different in India. A company can show up and build a factory, open the doors, and OFFER to pay people X. If X is worth more than their labor (which it surely will be if it's 5-8 times more than they're making now), they may choose to accept the deal. Just as the company has no right to Force people to work for them (or to order them to work under certain conditions), the individuals have no right to Force the company to hire them or employ them under certain conditions.

(As a side note, whenever a company opens a new factory over there, people typically beat down the doors to get such "low paying" jobs...they offer bribes to the employers, offer to pay their first month's salary in return for securing a job for a family member, etc. What we consider low paying here is actually an opportunity few of them would ever see, as it is more than any other place there pays them.)

The fact that even the "poor" in America on average own clothes, radios, TVs, at least 1 CAR, phones, air conditioning, a dishwasher, and a multitude of other conveniences that the "better off" in other countries can only dream of owning is the result of (semi) Free, unCoerced interaction with one another...and corporations are an incredibly efficient way for entrepreneurs to team together and invest capital to create more products, wealth, and job opportunities than anything else in all of history.

www.capmag.com if you want to learn about Freedom and Individual Rights (which go hand in hand)

The Urban Dictionary Mug

During the late 1970's, a duo or trio of Central New Jersey teenaged males would break off from the larger peer group to maximize personal gain and form what was called a "corporation". Usually the hastily formed corporations mission statement included the pursuit of hot chicks, smoking a limited supply of excellent weed, or attending a keg party without the rest of the peer group attending. These loose-knit organizations could last anywhere from one day to several weeks. Often after the corporation dissolved, the former members would be absorbed back into the peer group after some interrogative statements about where the party was or how ugly that chick was who you were sucking face with last night.

Hey, is that Joey in the passengers seat of Bob's Monte? Joey only has a little of that killer weed left. He must have formed a corporation with Bob so they can smoke whats left between themselves and leave us out here freezing on the street corner.